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Fundamental
AI-powered predictive intelligence from large tabular enterprise data
About Fundamental
Fundamental is an AI company developing predictive intelligence for enterprise data. The firm was established in October 2024 by alumni from DeepMind, with Jeremy Fraenkel as the CEO and co-founder. Emerging from stealth on February 5, 2026, the company announced it had secured $255 million in funding, consisting of a $30 million Seed round and a $225 million Series A round. The Series A was led by Oak HC/FT, with participation from Valor Equity Partners, Battery Ventures, Salesforce Ventures, and Hetz Ventures.
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The company's core product is NEXUS, a Large Tabular Model (LTM) purpose-built to analyze structured business data found in spreadsheets, databases, and CRM records. Unlike Large Language Models (LLMs) that focus on unstructured text and images, NEXUS is designed to derive insights from the billions of tables that underpin corporate decision-making. The model ingests raw tabular data and automatically learns underlying patterns and dependencies without requiring extensive manual feature engineering. This allows enterprises to move beyond historical analysis to forecast future events, identify risks, and uncover opportunities. NEXUS unifies various analytics tasks, including forecasting, classification, anomaly detection, and scenario simulation, into a single foundation model.
Fundamental targets enterprise clients across numerous verticals, including financial services, healthcare, retail, and energy. Before its public launch, the company had already secured seven-figure contracts with Fortune 100 companies for use cases such as demand forecasting, price prediction, and churn analysis. The business model centers on providing access to NEXUS, which is available to enterprises and can be deployed directly through the AWS dashboard via a strategic partnership. The model is built to handle enterprise-scale datasets with billions of rows and was trained on Amazon SageMaker HyperPod.
At a glance
- Founded
- 2024
- Headquarters
- San Francisco, United States
- Sector
- AI
- Power Law
- Unicorn$1–10B valuation tier
Research & analysis
Latest news
Press, funding announcements and product moves mentioning Fundamental.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed7 investors entered at this stage
Olivier Pomel
Quadrille
Henrique Dubugras- MSMandeep Singh
Kima VenturesAravind Srinivas
Drysdale Ventures
Series A7 investors entered at this stage
Battery Ventures
Valor Equity Partners
Salesforce Ventures
Oak HC/FT
Hetz Ventures
Motier Ventures
MUFG Innovation Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
across markets
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